Board governance software is an electronic tool that is designed to assist directors’ boards and their administrative support staff with tasks such as organising meetings, creating agendas and board-packs for meetings, taking meeting minutes and assigning post meeting tasks. The best board software solutions provide a complete suite of features that will streamline the entire process from start to finish. They also allow for better communication and collaboration between administrators and directors members.
One of the main benefits of using a board management software is that it provides a more secure alternative to email communications. The best solutions offer encryption and clear distinction between your group and other parties. This reduces the risk of phishing, hacking or misplaced messages.
Other benefits of using a board portal are the ability to create and store a board book and eliminate expensive printing, distribution and storage charges. The platform also gives you the ability to access to all documents, meetings and action items. The software also assists directors and administrators track their work and progress on tasks that require their attention.
Additionally, certain platforms like Cat Herder allow the creation of proposals which can be put to vote by the board between meetings. This allows for greater transparency and accountability. It can also help in situations where a particular member must refrain from voting due to conflicts of interests. All of these features are essential when choosing the right governance software solution for your business.
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